Luxury High-Rise Condo with
For Sale
$325,000
49 Briar Hollow Lane #1801, Houston, TX 77027
Spacious condo with amenities near Memorial Park, River Oaks, Galleria.
Property Size1,623 SF
Price / SF$200.25
Days on Market468
Property Features for 49 Briar Hollow Lane #1801
General Information
Standard status
Active
Size
1,623 SF
Property subtype
Condominium
Amenities
Central
Electric
Central Air
Dryer
Dishwasher
Electric Oven
Electric Range
Disposal
Microwave
Oven
Washer
Refrigerator
Deck, Patio
Building Details
Year Built
1981
Listing Agency:
Keller Williams Realty Metropolitan
Listed By:
Rene Sorola · License #TX
(832) 816-4673
Source:
Kw
Added: Jul 9, 2025
Changed: Oct 16
Last Checked: Oct 19 at 5:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Metropolitan
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Investment Insights
Based on property information with market context.
This high-rise condominium features two bedrooms and two bathrooms, situated in close proximity to Memorial Park, River Oaks, and the Galleria area of Houston. The floor plan includes formal living and dining rooms with built-in features. A family room offers additional built-ins, a wet bar, and access to a private covered balcony. Building amenities include 24/7 manned gate entry, concierge services, valet parking, and controlled access. Residents have access to a pool with sundeck and hot tub, a fitness center, sauna, tennis and pickleball courts, and electric car charging stations. Additional amenities include a business center with Wi-Fi and conference space, a library, an on-site kitchen and party room, and on-site management. The property size is 1623 square feet.
Key Highlights
- Prime location: Minutes from Memorial Park, River Oaks, and the Galleria.
- Enjoy 24/7 manned gate entry, concierge, and valet parking.
- Resort‑style amenities: Pool, hot tub, fitness center, sauna, tennis and pickleball courts, and electric car charging.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,387
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,740
$367.7K
Cap Rate 7%
$262,671
$262.7K
Cap Rate 9%
$204,300
$204.3K
Market Conditions
NOI Build-Up for 1,623 SF
Gross rent
$35.6K $21.96/SF
− Vacancy
−$2.2K −$1.36/SF
EGI
$33.4K $20.60/SF
− OpEx
−$15.0K −$9.27/SF
NOI
$18.4K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,740
Cap Rate 7%
$262,671
Cap Rate 9%
$204,300
Alternative Uses
Best Use
Apartment 5plus
$262.7K
$229.8K – $306.5K
NOI $18,387 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$417.3K
$365.2K – $486.9K
NOI $29,214 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,135
Businesses Nearby
Explore this area
Business Placement
Demographics for 77027, TX
18,987
Population
13,286
Households
1.4
Avg Household Size
37
Median Age
74%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
7,032
Density / Sq Mi
$102,861
Median Household Income
$77,999
Median Earnings
$1,840
Median Rent
$881,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
High-rise multifamily apartment - Spacious condo with amenities near Memorial Park, River Oaks, Galleria.
Where is this high-rise multifamily apartment located?
The property is located at 49 Briar Hollow Lane #1801 Houston, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Prime location: Minutes from Memorial Park, River Oaks, and the Galleria.; Enjoy 24/7 manned gate entry, concierge, and valet parking.; Resort‑style amenities: Pool, hot tub, fitness center, sauna, tennis and pickleball courts, and electric car charging.
